Inequality and Aggregate Demand -- by Adrien Auclert, Matthew Rognlie
We explore the transmission mechanism of income inequality to output. In the short run, higher inequality reduces output because marginal propensities to consume are negatively correlated with incomes,...
View ArticleRandomizing Religion: The Impact of Protestant Evangelism on Economic...
To test the causal impact of religiosity, we conducted a randomized evaluation of an evangelical Protestant Christian values and theology education program that consisted of 15 weekly half-hour...
View ArticleSecrets to Success for Norway's Ski Team
Source: www.wwlp.com Bill Pennington has written an interesting article about the Norwegian ski team in today's New York Times. I first heard about this ski team's interesting dynamics during a...
View ArticleAl Mawared Brokerage's Amman Stock Exchange Weekly Report 19 February 2018
Click here to download Al Mawared Brokerage's weekly report on the Amman Stock Exchange (ASE). The Report is designed to give an overview of developments in the Jordan Capital Markets as well as ASE...
View ArticleMoscow Exchange: Risk Parameters Change
CCP NCC is changing Securities market risk parameters starting from February 20, 2018 according to the tables below.read more...
View ArticleRecord Retest? ETC Looks Poised on Double-Digit Climb
A prominent alternative to the ethereum blockchain is showing signs of building a higher base amid a period of strong market activity.
View Article$850 Million Raised in ICO So Far, Says Telegram
Messaging app provider Telegram has raised an initial $850 million in its controversial initial coin offering (ICO), according to a public document.
View ArticleWeekly Top 5 Papers – February 16, 2018
1. Manipulation in the VIX? by John Griffin (University of Texas at Austin – Department of Finance) and Amin Shams (University of Texas at Austin – Department of Finance )read more...
View ArticleBank Of England - Global Liquidity Management (GLM) Workshop Minutes -...
The first meeting of the RTGS renewal programme: Global Liquidity Management workshop was held in January 2018. Minutes - January 2018
View ArticleDr Michael Josef Lappe To Be New General Counsel At Deutsche Börse AG
Dr Michael Josef Lappe (60) is to be the new General Counsel at Deutsche Börse AG as of 1 March 2018. Michael Lappe is currently working as a lawyer in the consulting and transaction business and as...
View ArticlePricing Options with Exponential Levy Neural Network. (arXiv:1802.06520v1...
In this paper, we propose the exponential Levy neural network (ELNN) for option pricing, which is a new non-parametric exponential Levy model using artificial neural networks (ANN). The ELNN fully...
View ArticleHow local in time is the no-arbitrage property under capital gains taxes ?....
In frictionless financial markets, no-arbitrage is a local property in time. This means, a discrete time model is arbitrage-free if and only if there does not exist a one-period-arbitrage. With capital...
View ArticleSimple Bounds for Transaction Costs. (arXiv:1802.06120v1 [q-fin.PM])
Using elementary arguments, we derive $\L_{p}$-error bounds for the approximation of frictionless wealth process in markets with proportional transaction costs. For utilities with bounded risk...
View ArticleMarket Impact in a Latent Order Book. (arXiv:1802.06101v1 [q-fin.TR])
We revisit the classical problem of market impact through the lens of a new agent-based model. Drawing from the mean-field approach in Statistical Mechanics and Physics, we assume a large number of...
View ArticleLithuania's Central Bank Probes 100 Million Euro ICO
Lithuania's central bank has said it is probing Bankera's initial coin offering after determining that the token offered counts as a security.
View ArticleBanks Buy Stakes in Blockchain Startup SETL
Citi joined Credit Agricole, Computershare, S2iEM and Deloitte as shareholders in the blockchain-based payment and settlements startup SETL.
View ArticleLong Blockchain Is At Risk for Exchange Removal Again
Long Blockchain announced it would appeal a notice by Nasdaq informing it that its stock was at risk of being delisted.
View ArticleWyoming House Approves Utility Token Securities Exemptions Bill
The Wyoming House of Representatives has unanimously passed a bill exempting some utility tokens from securities regulations.
View ArticleSouth Korea to Support 'Normal' Crypto Trading, Says Finance Watchdog
South Korea's Financial Supervisory Service has reportedly said that the government will support "normal" cryptocurrency trading transactions.
View ArticleBitcoin Price Tops $11,600 Amid Keen South Korean Trading
Bitcoin prices passed $11,600 in the morning's session, seemingly buoyed by enthusiastic trading in South Korea.
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